- Search Results
 
 
AfDB Pledges US$5.9m To Support 15 SOEs
Date Uploaded: Apr 11, 2017

Montserrado County Flag

 

AfDB Pledges US$5.9m To Support 15 SOEs

By Joseph Toe

MONROVIA, April 10 (LINA) -The African Development Bank (AfDB) has pledged to provide US$5.9 million to support strengthening transparency and accountability in public financial management programs within 15 state-owned enterprises (SOEs), a Ministry of Finance and Development Planning report has said.

The 2016 annual report released recently indicated that the money will be for the next Public Financial Management (PFM) strategy meeting this year to “particularly enhance” revenue mobilization and capacity building in the natural resource sector.

According to the report, sub-components and programs to be supported under this funding include the Liberia Revenue Authority Natural Resource Tax Unit; Liberia Extractive Industries Transparency Initiative; Governance Commission; Financial Intelligence Unit; African Peer Review Mechanism Coordination Unit and the PFM Reform Coordination Unit.

Others are the General Auditing Commission; Public Accounts Committee; Liberia Anti-Corruption Commission; Liberia Institute of Public Administration; Department of Budget (Public Sector Investment Planning); IFMIS; e-Procurement; County Treasury; Treasury Single Account and the Non-State Actors (NSA) Secretariat, the report added.

According to the report, an AfDB mission visited Monrovia in September 2016 to appraise Liberia’s Integrated Public Financial Management Reform Project (IPFMRP) II, and to provide additional institutional support for strengthening revenue mobilization and administration.

The report said in October 2016, the International Monetary Fund dispatched a Public Investment Management Assessment mission to review Liberia’s public sector investment program.

The report added that another IMF mission visited Liberia in November to review progress in the implementation of PFM reforms, specifically in cash and treasury management and the oversight of State-Owned Enterprises (SOEs).

“The mission met with key stakeholders, and thereafter issued a memoir with recommendations geared towards improving public investment,” the report said.

LINA JGT/TSS/PTK

latest headlines
Police, Hunters In Hot Pursuit Of Murder Suspect In Bong
Traditional hunters in Zota District, Bong County backed by members of the Liberia National Police have intensified their search for Moses Porkpa ...more
Trial Stalled Due To Poor Documentation
The trial of some Liberians indicted by the Grand Jury of Montserrado County for alleged car theft stalled Tuesday due to the failure of state pr ...more
AFL Captain Completes Top Military Training In Nigeria
Armed Forces of Liberia (AFL) Captain Stephen T. Tarplah has completed a 21-week intensive training in Kaduna, the Federal Republic of Nigeria. ...more
Bassa Maternal, Newborn Health Confab Says ‘No To Home Delivery’
Stakeholders at a two-day Maternal and Newborn Health Conference in Grand Bassa County have pledged to collectively intensify their efforts to ad ...more
KOICA Donates Oxygen Machine To JFD Hospital
The Jackson Fiah Doe Memorial Regional Referral Hospital located in Tappita City, Nimba County has benefited from a donation of an Oxygen Genera ...more
High-level RUFORUM Delegation.....
President Ellen Johnson Sirleaf has received a high-level delegation from the Regional Universities Forum for Capacity Building in Agriculture (R ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency